Whistleblowers attack decision not to ban Barclays chief

Critics fear the decision will derail the movement to expose wrongdoing at the world’s biggest companies

Jes Staley
Mark Kerrison/Alamy

By

Chris Newlands,

Clare Dickinson and

Paul Hodkinson

April 23, 2018 Updated: 9:32 p.m. GMT

Whistleblowers have railed against the decision by UK financial regulators to allow the chief executive of Barclays to keep his job at the banking giant despite repeatedly trying to uncover the identity of a whistleblower.

The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority had the power to ban Jes Staley from the City for twice trying to uncover the identity of an anonymous whistleblower in 2016 but instead chose to fine the 61-year-old American.